S.Korea cbank sees limited ma­te­ri­als price gains

The Pak Banker - - Company& -

SEOUL: Global prices of raw ma­te­ri­als such as oil and met­als will prob­a­bly head higher next year on the back of the re­cov­er­ing world econ­omy, but the pace will be "limited" by var­i­ous fac­tors, South Korea's cen­tral bank said on Thurs­day. The Bank of Korea did not pro­vide any fore­casts of its own for key raw ma­te­ri­als prices in 2011, but said in a re­port that high in­ven­to­ries, an ex­pected rise in sup­ply and ef­forts by emerg­ing coun­tries to cool their economies should limit price growth. "Many fore­cast­ing in­sti­tu­tions pre­dict the kind of ul­tra-strong prices that sparked in­fla­tion fears in 2007-2008 will not be re­peated," the cen­tral bank said in the re­port pub­lished on its web­site. -PB News

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